June 14, 2024

Football economics

An entirely unserious analysis of the UEFA European Championship.

So, the ball is at last rolling again. Later today, the European Championship kicks off in Munich. Such tournaments are not just a major sporting event; they can also be seen as an economic factor. The estimated 650 thousand fans from abroad are expected to spend €250 million in Germany. For an economy the size of Germany's, this is negligible. While host country should expect no significant economic benefits from the Euro, it's quite different for the winner.

LBBW Chief Economist Mortiz Kraemer wishes you all an entertaining European Championship.